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- LoopNet Team
259-263 Sound Beach Ave
Old Greenwich, CT 06870
Property For Lease
PROPERTY FACTS
| Property Type | Retail | Gross Leasable Area | 3,502 SF |
| Property Subtype | Freestanding | Year Built | 1930 |
| Property Type | Retail |
| Property Subtype | Freestanding |
| Gross Leasable Area | 3,502 SF |
| Year Built | 1930 |
ABOUT THE PROPERTY
Key Details: Located in the heart of the Old Greenwich shopping district, this 1,200 sq. ft. corner retail unit has excellent visibility with 16’ of frontage on Sound Beach Avenue. The building has recently undergone a renovation featuring a new glass storefront and a modern aesthetic. Adjacent tenants include Kaia Yoga and Forme Barre. Lease Terms: • Address: 261 Sound Beach Avenue, Old Greenwich, CT • Size: 1,200 sq. ft. with additional basement area • Parking: Two dedicated parking spaces • Rent: $7,400 per month, $88,800 per year, modified gross • Escalations: 3% annual rent increases, plus above a base year on real estate taxes • Landlord Pays: Real estate taxes, building insurance, exterior building maintenance • Tenant Pays: Utilities, maintenance, repairs, replacement, tenant's insurance, rubbish removal • Term: Five to ten years • Availability: Immediate • Condition of Premises: The space is move-in read with a bathroom and new storefront windows and doors • Use: All types of uses will be considered. We are focused on tenants that bring value to the community • Commission: The tenant representative broker will be paid 2.5% for the first five years, 2% thereafter. Payout schedule to be discussed in term sheet.
